This section has no associated Explanatory Notes
262(1)Amend section 617 (social security benefits and contributions) as follows.U.K.
(2)In subsection (3)—
(a)for “subsection (4) below” substitute “ subsections (4) and (5) below ”, and
(b)after “allowed” insert “ for corporation tax purposes ”.
(3)In subsection (4)—
(a)at the end of paragraph (b) insert “ or ”, and
(b)omit paragraphs (d) and (e).
(4)After subsection (4) insert—
“(5)Subsection (3) above shall not apply for the purposes of deductions under Chapter 2 of Part 5 of ITEPA 2003 (in relation to which section 360A of that Act applies).”